Cash Money Review

This review is reviewed periodically to keep it current. See our Review Methodology for how we score lenders. CashLift is an independent comparison platform, not affiliated with Cash Money or its parent company, CURO Canada Corp.

Quick Take

Cash Money’s Two Loan Options Explained

Cash Money has narrowed its lineup to two main products, and picking the right one matters more than picking the right lender.

Line of Credit — the flexible option

Think of this less like a loan and more like a credit card without the card. You’re approved for a limit up to $10,000, and you only pay interest on what you actually draw. Pay it down, and that room opens back up for next time. Cash Money positions this as its flagship product, and the pricing supports that: 34.99% APR is steep next to a bank line of credit, but it’s a different category entirely from payday pricing.

The catch is the credit check. Seeing your pre-approved amount only triggers a soft pull, which won’t touch your score. Actually accepting the offer does trigger a hard inquiry — so it’s worth checking your number first and deciding before you commit.

Payday Loan — the fast, expensive option

This is the classic short-term advance: borrow up to $1,500, repay it on your next payday, funded in minutes through Interac e-Transfer. The pricing is set by provincial law rather than by Cash Money, which is worth understanding before you assume you’re being overcharged — every licensed payday lender in a given province charges the same maximum rate.

Here’s what that looks like in real dollars, straight from Cash Money’s own provincial disclosures:

Notice Manitoba: the dollar fee is identical to BC’s, but because the loan term is two days shorter, the same $42 fee annualizes to a noticeably higher rate. That’s the mechanic worth understanding — the flat fee looks consistent, but the APR moves with the term length, not the fee itself.

For a side-by-side of when a revolving line beats a lump-sum advance, see our breakdown of installment loans in Canada versus short term loans in Canada.

Getting Approved

Neither product demands strong credit. You’ll generally need to:

• Be 18 or older with valid government-issued ID
• Show steady income — employment, EI, and disability payments all qualify
• Have an open chequing account and a working phone number
• Pass a soft credit check to see your pre-approved amount

One detail worth flagging: Cash Money reports payment history to Equifax Canada for its Auto Equity Loan product specifically, which can help build credit if you pay on time. That reporting does not currently extend to the standard Line of Credit or Payday Loan — so don’t expect either of those to move your credit score on their own.

If credit-building is actually your main goal rather than solving a cash gap, our rebuild credit in Canada guide covers which products genuinely help.

What Customers Actually Say

Cash Money’s aggregate numbers are strong — an A+ BBB rating and an “Excellent” Trustpilot score built on several thousand reviews. Branch and phone staff come up repeatedly in positive reviews as patient and easy to deal with, and multiple customers describe funds landing within 20 minutes of signing.

The complaint side tells a narrower but consistent story. Pulling from BBB’s complaint log, three patterns show up more than once:

1. Confusion at signing. A few borrowers say they believed they were agreeing to one product (a line of credit) and later found the paperwork reflected another (a secured loan). Cash Money’s responses consistently point to the signed agreement as binding — a reminder to read the actual document, not just what’s explained verbally.
2. Timing disputes. Complaints about funds being withdrawn a day or two earlier than expected, triggering NSF fees on the borrower’s end.
3. Collections tone. A smaller number of complaints describe collections calls as aggressive or poorly timed.

None of this is unusual for the payday lending category specifically — it’s the same handful of friction points that show up across most short-term lenders — but it’s worth knowing before you sign, not after.

How Cash Money Compares With Traditional Banks

To be fair to Cash Money, it’s not competing with banks — it exists for people banks turn away. But it’s worth being explicit about the gap: a bank line of credit typically runs somewhere in the single digits to low teens in interest, roughly a third of Cash Money’s rate. If you have any access to bank credit, a credit union, or a secured credit card, it’s worth ruling those out first. Our guide to bad credit loans in Canada lays out that decision tree in more detail.

Where Cash Money Holds Up

• 30+ years in business, CCFA member, A+ BBB rating
• Line of Credit gives you room to draw only what you need
• Genuinely fast funding through Interac e-Transfer
• Soft check to see pre-approval, so shopping around doesn’t cost you anything upfront
• Accepts EI and disability income

Where Cash Money Falls Short

• Payday Loan APR lands in the 365%–426% range depending on province and term
• Accepting a Line of Credit means a hard credit pull
• Recurring complaint pattern around fund timing and agreement clarity
• Neither flagship product reports to credit bureaus
• Product availability and limits shift by province

Frequently Asked Questions

Cash Money earns its longevity honestly — three decades in business, an A+ BBB rating, and a Line of Credit product that’s genuinely more reasonable than typical payday pricing. The Payday Loan does exactly what it promises: fast cash, high cost. Use it for a true one-off gap, read the agreement before you sign, and confirm your repayment date in writing to avoid the timing disputes that show up most often in complaints.

Want to see how Cash Money’s rates stack up against other lenders in your province? Compare your options through CashLift first.